Microcontroller Market: Industry Analysis and Forecast (2022-2029) by product type, application type and region

Microcontroller Market size was valued at US$ 30.62 Bn. in 2021 and the total revenue is expected to grow at 7.7 through 2022 to 2029, reaching US$ 55.43 Bn.
Microcontroller Market Overview:
A microcontroller is a small and low-cost microcomputer, which is designed to perform specific tasks. The microcontrollers market is segmented on the bases of memory architecture, bits, and instruction sets.

Microcontrollers are installed in automatically controlled products and electronic devices such as remote controls, office machinery, home appliances, power tools, toys, and other embedded systems. The technology used in the microcontroller ensures smooth management of electronic devices and prevents error occurrence activities.



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The market report on Microcontroller provides detailed data analysis, industry statistics, growth drivers, restraints, competitive landscape, regional analyses and challenges by region. Changing trends and dynamics of the microcontroller market have been discussed in a detailed report. The information gathered in the report has been taken from several primary and secondary sources

The research methodology used in the report involves various secondary sources such as (Japan) TOSHIBA ELECTRONIC DEVICES AND STORAGE CORPORATION, Microchip technology inc. (US), STMicroelectronics (Switzerland), and Japan ROHM CO.LTD. Experts from related industries and suppliers have been interviewed to understand the future trends of the automotive microcontrollers market. The bottom-up approach has been used to estimate and validate the size of the microcontrollers market. The market size, by volume, is derived by identifying the region-wise production volumes and analyzing the demand trends. The market size, by value, is derived by multiplying the average selling price of microcontrollers by the type of microcontrollers application and region.
Microcontroller Market Dynamics:
Growing Demand For Advanced Driver Assistance System (ADAS)

microcontroller units (MCUs) are essential for most ADAS applications, including autonomous driving. For ADAS to advance, processors need better performance, which could be enabled by multicore architectures and higher frequencies, as well as lower power-consumption requirements, also used in monitoring, barracking and safety applications. For example

AURIX multicore microcontrollers help the NVIDIA DRIVE PX platform meet the highest possible functional safety standard (ISO 26262 ASIL-D) for self-driving systems. Key features of the AURIX microcontrollers relevant to bringing ADAS and AD to the street include lock-step cores, redundant peripherals, integrated monitoring systems and up to 1,800 DMIPS of real-time performance based on the TriCore multicore architecture of Infineon. The AURIX multicore microcontroller families will fuel autonomous driving applications in the coming years
The rate of adoption of IoT will boost the MIU market growth. The demand for IoT is considerably high in various industries such as automotive, consumer electronics, aerospace, defence IT & telecommunication and the healthcare industry is currently rising in demand for IoT microprocessors due to expanding web of connected devices which includes smartphones, television, tablets, home applications, gaming consoles, smart meters and security systems is also driving the market growth.

Market Restraints

The microcontroller is compact; therefore, they are used in micro equipment also microcontrollers can’t access multi-tasking devices they can only handle a single operation and task at a single time this microcontroller is not multitasking and the major restraining factor is microcontroller cannot reprogram, they cannot possess any zero flags as compare to microprocessors
Microcontroller Market Segment Analysis:
By Product Type: 32-bit microcontrollers will hold the highest share over the forecast period. The 8-bit microcontroller technology lowers the material costs and simplifies the product design. The developers select the controllers based on their processing capability, power consumption, and degree of interfacing required. An 8-bit MCU comprises software simplicity, low gate count, and lesser complexity that decrease its cost compared to other types of microcontrollers. On the other side, the 8-bit MCU is predicted to witness slower growth due to its processing speed which generally runs at 8 MHz and does not have considerable internal Random-Access Memory (RAM). 16-bit and 32-bit MCUs are used on a larger scale in the automotive industry owing to their specific technological requirements. However, the 32-bit MCU segment is anticipated to register the highest growth rate during the forecast period. 32-bit MCUs have higher processing power than their counterparts and consume less power. Furthermore, the increasing popularity of 32-bit MCUs because of a significant decline in the per unit price is expected to further propel the growth of the segment.



Based on Application Type, The automotive sector is witnessing the highest growth rate in the microcontroller market. An automotive microcontroller enables enhances safety features in vehicles including high-temperature control and airbag control, and increases the speed of execution in vehicles. Automobile manufacturers have used microcontrollers for a long time, for the purpose of engine control, power steering, seating, and antilock brakes.

However, they have now been used as safety features such as advanced driver assistance systems (ADAS), lane change warning, surround view cameras, automated braking & lighting, and blind spot detection. Microcontrollers are also being used in infotainment systems, and offer connectivity to the vehicle network. Hybrid electric vehicles are gaining traction ly on the back of their energy efficiency, and these vehicles require a relatively large number of microcontrollers than regular vehicles.

A key trend being observed in the automotive microcontrollers market is the adoption of microchips that improve the flexibility of vehicles in crucial situations and enhance the connectivity of a vehicle with its moving system.


Microcontroller Market Regional Insights:
Asia Pacific market will account for the highest CAGR over the forecast period. There have been growing automobile sales in developing economies, particularly in India, China, and Southeast Asian countries. In addition, being a leader in IP development, China has recently turned-out significant plans to boost its profile in hi-tech industries, such as electric vehicles, semiconductors, aerospace, robotics, high-speed rail, and other technology-driven products and services. With active developments and innovations in the automotive sector, the microcontroller market is also driven. Also, in China, the Smartphone adoption rate stands among the globe’s top five owing to a speedy expansion of Smartphone use in cities. This is also creating opportunities for the microcontroller market.

The objective of the report is to present a comprehensive analysis of the Microcontroller Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Microcontroller Market dynamics, structure by analyzing the market segments and project the Microcontroller Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Microcontroller Market make the report investor’s guide.
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Global Microcontroller Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 30.62 Mn.


Forecast Period 2022 to 2029 CAGR:
7.7%
Market Size in 2029:
US $ 55.43 Mn.


 Segments Covered:
by Product
• 8 BITS
• 16 BITS
• 32 BITS


by Application
• Networking and communication
• Automotive
• Consumer electronic
• Industrial
• Medical devices
• Military and defense



Microcontroller Market, by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Microcontroller Market Key Players
• TOSHIBA ELECTRONIC DEVICES AND STORAGE CORPORATION (Japan)
• Texas Instruments Incorporation (US)
• Microchip Technology Inc. (US)
• Renesas electronics corporation (Japan)
• STMicroelectronics (Switzerland)
• NXP Semiconductors (Netherlands)
• Intel (US)
• Infineon Technologies AG (Germany)
• Maxim Integrated (Analog Devices) (US)
• ON Semiconductor (US)
• ROHM CO. LTD (Japan)
• Zilog .Inc (US)
• Infineon Technologies AG
• Toshiba Corporation
• On Semiconductor
• Maxim Integrated

Frequently Asked Questions:

1. What is the forecast period considered for the Microcontroller Market report?
Ans. The forecast period for the Microcontroller Market is 2021-2029.

2. Which key factors are hindering the growth of the Microcontroller Market?
Ans. microcontroller is not multitasking and the major restraining factor is microcontroller is it cannot re-program

3. What is the compound annual growth rate (CAGR) of the Microcontroller Market for the forecast period?
Ans. 7.7% is the compound annual growth rate of the microcontroller market for the forecast period.

4. What are the key factors driving the growth of the Microcontroller Market?
Ans. The rate of adoption of IoT will driving the microcontroller market growth.

5. Which are the worldwide major key players covered for the Microcontroller Market report?
Ans. TOSHIBA ELECTRONIC DEVICES AND STORAGE CORPORATION (Japan), Texas Instruments Incorporation (US), Microchip Technology Inc. (US), Renesas electronics corporation (Japan), STMicroelectronics (Switzerland) are the worldwide major key players.